Panjiva Daily: ArcelorMittal pays the steel price; Hon Hai’s Apple relocation offer

Global 1126 Panjiva Daily 520

The Trump administration’s steel and aluminum tariffs have cut imports, though only back to early 2017 levels – ArcelorMittal has seen the fastest drop in shipments recently. Hon Hai’s offer to reduce phone production for Apple in China is part of a wider industry trend. Also: tariffs haven’t hurt LNG exports by Cheniere and Dominion; Long Beach lags after Cosco cuts container shipping; Red Bull loses its wings, dragging Norfolk’s European business down; Philippine chip rebound can’t prevent Asian export fall in April; Lighthizer, Motegi set to get motoring on U.S.-Japan trade deal; U.S....

Copyright © 2020 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.